USAA is making two major changes to its employee benefit package in 2017. Effective since Feb. 5, employees at USAA have seen their minimum pay rise to $16 per hour, or more than $33,000 per year. This increase doesn’t reflect overtime or eligibility for the annual bonus also available to all USAA employees. Additionally, the financial services provider announced recently it would begin offering a new parental benefit to provide all eligible new parents with up to 12 weeks of full pay when a child joins the family either by birth or adoption beginning July 2017.

According to its annual Report to Members, released today on usaa.com, 2016 was a record year for USAA. The association reached highs in membership and net worth while also paying a record volume of insurance claims related to catastrophic weather events.

USAA Among First to Use Electronic Health Records to Accelerate Life Insurance Process. Members experience up to a 30-day reduction in time to acquire health records

USAA in Top 50 for Eighth Straight Year

Tool to assist more than 1 million service members affected by changes to military retirement